Forget the pricey coffee, the inflation fight is won and done

Afraid of inflation reawakening? A spike in the headline consumer price index from June’s tame year-on-year figure of 1.9 per cent to July’s 2.8 per cent – led by electricity and coffee – sent chills up many investors’ spines.

After all, inflation had accelerated in the United Kingdom and the United Kingdom. And the Trump administration’s imposition of big tariffs has many believing worse awaits – perhaps enough to once again squash rates.

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